Pension In India

Pension alert: Jeevan Pramaan Patra deadline and download process explained

As the digital life certificate deadline nears, here's a step-by-step guide on how to download a digital copy of your Jeevan Pramaan Patra, the last date, and other relevant information

Centre clarifies family pension rules, says keep daughter's name in records

Clarification aims to prevent disputes and ensure rightful access to pension benefits for daughters of government employees

Both parents of govt staff 'have to' give life certificates for pension

Rule aims to ensure benefits reach the correct people and records are updated, says department

UP announces 3% DA hike for employees and pensioners ahead of Diwali

Uttar Pradesh Announces DA Hike: 'Sensitive step' seeks to improve living standards, says state government

Zomato, HDFC Pension launch NPS model for delivery partners' benefit

Zomato and HDFC Pension have collaborated to introduce 'NPS Platform Workers Model' for delivery partners of the food delivery platform, in a bid to provide them access to formal retirement benefits. The model was formally launched by Finance Minister Nirmala Sitharaman at an event organised by the Pension Fund Regulatory and Development Authority (PFRDA) on October 1. "More than 30,000 delivery partners onboarded on Zomato have already generated their PRANs (Permanent Retirement Account Numbers) within 72 hours of this integration and the platform is committed to enable over 1 lakh delivery partners with their NPS retirement accounts within 2025," Zomato said in a statement. Zomato operates on a gig-first model, supporting an average of 5,09,000 independent monthly active delivery partners as of Q1 FY26. According to a NITI Aayog report, the number of platform workers in India is estimated to grow to 23.5 million by FY 2029-30. Currently, there exists a gap in terms of awareness a

Centre brings parity in gratuity under old and new pension schemes

Decision addresses 'significant demand of government staff', says Union Minister Jitendra Singh

Superannuation rule in UPS likely to discourage early retirement: Experts

Experts say that criterion may increase labour force participation

Centre notifies Unified Pension Scheme for govt employees under NPS

Launched in August, UPS strikes a balance between Old Pension Scheme (OPS) and New Pension Scheme (NPS), offering government employees a guaranteed pension, post-retirement

Will not accept recommendations on pension hike by 10% in OROP: Govt to SC

The Centre on Thursday told the Supreme Court that it has decided not to accept recommendations for enhancing pension by 10 per cent to retired regular captains of the Army in accordance with the One Rank One Pension scheme (OROP). A bench comprising Chief Justice Sanjiv Khanna and justices Sanjay Kumar and Manmohan was apprised about the non-acceptance of recommendations on pension hike by Additional Solicitor General (ASG) Aishwarya Bhati, who appeared for the Centre. The top court was hearing an appeal of the Centre challenging an order of December 7, 2021 of the Armed Forces Tribunal (AFT) at Kochi. According to the AFT order, the central government was to take a decision on the pension payable to the retired regular captains. "We have made a decision and we have not accepted the recommendations," the ASG said. The bench then asked the counsel appearing for retired Army captains including M Gopalan Nair, who are fighting for enhanced pension, to challenge the non-acceptance of

What is the new Unified Pension scheme and how is it different from NPS?

The Unified Pension Scheme aims to balance fiscal policy with employee benefits and combines a defined benefit pension similar to the Old Pension Scheme with the contributory nature of the NPS

Gratuity hike setback, wellness retreat: Top personal finance stories

Our top stories this week tell you about EPFO's decision and the best well retreats in the country

National pension system added 21.5% fewer corporate subscribers in 2023

Saw 158,212 new subscribers last year compared to 201,517 during 2022

Nagaland govt employees protest, demand restoration of old pension scheme

A large number of government employees in Nagaland took to the streets on Friday, demanding scrapping of the new pension scheme' and restoration of the earlier system. State government employees recruited after 2010, the year the new pension scheme was implemented, converged at the civil secretariat junction here under the aegis of the Nagaland National Pension System Government Service Employees' Forum (NNPSGSEF). NNPSGSEF president Moanungsang said the peaceful dharna was held to stand in solidarity with the national strike organised by the All India State Government Employees Federation (AISGEF). He said the forum had submitted a representation to the state government in September 2023, but there has been no response. NNPSGSEF said the old pension scheme provided social security to employees with guaranteed life-time reasonable pension. However, the new scheme does not provide social security and guarantees lower pension per month to long-surviving pensioners, it claimed.

NPS: Ambit of reasons for withdrawal expanded; use facility cautiously

Withdrawal made during tenure for other goals will erode retirement corpus

Tax-saving strategy; spotting mis-selling: Top personal finance stories

This week we explain what a tax-saving investment must do and how to read the fine print of pension plans

Govt pension portal for defence personnel SPARSH suffers data breach

The digitised pension processing system, SPARSH, offers online pension-related facilities to over 3 million pensioners from 50 organisations

Maha Cabinet clears OPS for state employees who joined after Nov 2005

The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005. The decision comes days after the government as well as semi-government employees and officials went on a strike to press for their demand of restoring the OPS. The cabinet gave its nod to the proposal that offers an option of the OPS to the state employees who joined the service post-November 2005, the Chief Minister's Office (CMO) said. Talking to PTI, Vishwas Katkar, general secretary of the Maharashtra state employees' confederation, said, "The cabinet's decision will benefit some 26,000 state government employees who were selected before November 2005 but received joining letters later. This decision will benefit only these 26,000 state employees." There are as many as 9.5 lakh state employees who joined the service before November 2005 and they already enjoy the benefits of the OPS.

Female govt employees may now nominate child for pension before husband

The female employee will be eligible to nominate their children to receive family pension before the spouse if there is a pending divorce, domestic violence or dowry case in any court

Cong kept Rs 500 cr for OROP, we gave Rs 70,000 cr to ex-servicemen: PM

Prime Minister Narendra Modi on Wednesday accused the Congress of dragging its feet on implementation of the One Rank One Pension (OROP) scheme for defence forces and said it was his government that executed the policy and has so far deposited Rs 70,000 crore into the bank accounts of eligible retired personnel. The PM said his government opened the doors of Sainik Schools for girls and facilitated the deployment of women officers in forward areas. The Congress did not fulfil the demand for OROP implementation and earmarked just Rs 500 crore for it despite knowing well that the amount was very less. When the BJP came to power at the Centre in 2014, it fulfilled the long-pending demand of ex-servicemen and so far, the government has paid Rs 70,000 crore to them under the scheme, Modi maintained. OROP means soldiers of the same rank and the same length of service get the same pension, irrespective of their retirement date. The BJP's star campaigner was addressing a public meeting in

Six Congress guarantees for Telangana: Housing, electricity, pension & more

The Congress party has begun its campaign in Telangana with the promise of financial aid to students and special assistance to women, including LPG cylinders at Rs 500 and Rs 2,500 per month